Risk Management Blog - ClearRisk

Manufacturing Risk: How Do You Compare to Industry Averages?

Posted by Rebecca Webb on Tue, Oct 24, 2017 @ 15:10 PM

 

As a business owner or key stakeholder, it is critical to ensure that your organization is properly covered in case anything goes wrong as you conduct your operations. As a manufacturer, you must be able to adequately protect yourself from theft, property damage, and product liability. But how much insurance should you be paying for? How much can you expect claims to cost, and how often should these incidents really be occurring? Read more to find out how your business compares to industry-wide averages.

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Topics: product liability, manufacturing risk management, manufacturing claims management, manufacturing industry average, average manufacturing costs, average manufacturing claims